eBook Formats: PDF, TXT, Any printable document(after converted to PDF using included software)

Sound Formats: MP3

Internal Memory: 128MB

Storage Memory: SD Card (2GB included. Supports up to 4GB)

Making it a small, slim, simple reading device filling a different segment (hopefully) from the more fully featured, connected Kindle.

According to Engadget/PCWorld it won't be available until January (talk about bad timing!), initially from the Foxit web-site, then later retail. So despite the low-price it won't make it into any Christmas stockings.

Based on Foxit being a software company, and this device being suspiciously similar to previous device designs, I'd say this is Foxit taking some of their PDF handling capability and branding an eReader from the same Outsourced Design & Manufacturing (ODM) firm that supplies those other similar devices.